Foreclosure Law Lawyers In Salem Virginia

Salem is an independent city in Virginia, USA, bordered by the city of Roanoke to the east but otherwise adjacent to Roanoke County. It is part of the Roanoke Metropolitan Statistical Area. The population was 24,747 at the 2000 census. While Salem is politically separate from Roanoke County, the Roanoke County courthouse is located there; historically, Salem was the county seat of Roanoke County, however the executive government offices for the County are now located in an unincorporated section of the County. Salem and Roanoke County still share jail facilities but are otherwise politically separate. Residents of Salem do not pay taxes to Roanoke County. The Bureau of Economic Analysis combines the city of Salem with Roanoke County for statistical purposes. Roanoke College is located in the city. The NCAA Division III National Football Championship, also known as the Amos Alonzo Stagg Bowl, as well as the Division III Men's Basketball Championship, are played there annually. Salem is also the home to a minor league baseball team, the Salem Red Sox, formerly the Salem Avalanche.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.